ING has acted as joint sustainability coordinator together with Santander in the largest sustainability-linked revolving credit facility (RCF) ever issued.

The $10.1 billion RCF for Belgian-based multinational drinks and brewing company Anheuser-Busch InBev (AB InBev) is provided by a consortium of 26 leading global financial institutions.

In addition to being the largest sustainability-linked loan (SLL) ever, it is also the first for the alcohol and beverage sector. The milestone facility has a five-year term and includes a pricing mechanism based on performance in four key areas that are aligned with AB InBev's sustainability goals:

  • Water efficiency at AB InBev's breweries globally
  • Increased PET recycled content in PET primary packaging
  • Reaching 100% electricity contracted from renewable sources globally
  • Reducing scope 1 (own) and scope 2 (indirect, e.g. from purchased electricity) greenhouse gas emissions by a total of 25%

'This major sustainability-linked loan is an important milestone for both AB InBev and the beverage sector as a whole, ' said ING CEO Steven van Rijswijk in response to the announcement of the deal.

'AB InBev has demonstrated a clear ambition level by incorporating a broad set of material sustainability targets into this core lending facility. I'm proud that ING is supporting AB InBev toward their goals with this sustainable financing structure and at the same time implementing our strategy to help our clients to address climate risks and steer towards a circular economy.'

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ING Groep NV published this content on 18 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2021 10:02:01 UTC.